1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 381
Amazon.com, Inc. (NASDAQ:AMZN) is one of the Top 10 Stocks That Will Profit From AI. In addition to developing its own AI microchips to scale models cost-effectively, the company has been investing heavily in partnerships to integrate AI models such as Claude into AWS.
On May 12, 2026, Amazon.com, Inc. (NASDAQ:AMZN) announced the nationwide rollout of Amazon Now, an ultra-fast delivery service providing groceries and household essentials in 30 minutes or less. The service is currently available in major hubs including Atlanta, Dallas-Fort Worth, Philadelphia, and Seattle. Amazon.com, Inc. (NASDAQ:AMZN) is rapidly expanding this service in cities such as Austin, Houston, and Phoenix, with plans to reach tens of millions of customers by year-end. Using this initiative, the company scales its logistics and meets the increasing consumer demand for immediate access to locally relevant items and daily necessities. Udit Madan, Senior Vice President, Amazon Worldwide Operations, claimed the following.
Amazon Now is for when you need or want the convenience of getting your Amazon order delivered in 30 minutes or less
On May 11, 2026, AWS, a subsidiary of Amazon.com, Inc. (NASDAQ:AMZN), announced the general availability of the Claude Platform on AWS. AWS users can now access Anthropic’s native experience through their existing AWS accounts. The service integrates Anthropic-operated APIs and beta features, like Managed Agents, with consolidated AWS billing and IAM security controls.
Founded in 1994, Amazon.com Inc. (NASDAQ:AMZN) operates across e-commerce, digital content, advertising, and cloud computing. Its online and offline stores offer both in-house and third-party products, while its Amazon Web Services (AWS) division runs one of the world’s largest data center networks.
While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about the cheapest AI stock.
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